Uninsured Interest Rates
Effective February 06, 2019
New Special Rate 1-year starting at 4.18% pays you 50 bps
1-year starting at 4.29% pays you 70 bps
2-year starting at 4.69% pays you 80 bps
3-year starting at 4.78% pays you 95 bps
Insured Interest Rates
Effective January 28, 2019
These mortgage rates apply to insured, purchase applications.
- Rate Hold: Purchase: 120 days; Refinance: 60 days
- Rate Buy Down: Unlimited
- Approximate Cost from Commission for 10 bps Rate Buy-down:
- 3-year terms: 26 bps
- 5-year terms: 36 bps
Your commission –> 125 bps
LTV ≤ 75%: 3.59%
LTV 75.01-80%: 3.69%
LTV > 80%: 3.54%
Your commission –> 100 bps
LTV ≤ 75%: 3.64%
LTV 75.01-80%: 3.74%
LTV > 80%: 3.49%
5-year No Frills
Your commission –> 80 bps
Insurer premium applied
LTV > 80%: 3.44%
Annual Percentage Rate (APR) means the cost of borrowing for a mortgage expressed through the interest rate including all charges related to the mortgage. APR is based on a $ 150,000 mortgage for the applicable term. The annual interest rate and APR are normally the same, as XMC does not charge fees on insured mortgages. E&O.
☆☆ Perfect Package Promotion: Add +5 bps to your commission when (1) we receive signed commitment back within 10 days of issue AND (2) the full and complete doc package delivered together at least two weeks prior to closing date.
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